ALT Property Management

Introduction: Property Owners Today's property owner faces the continuous challenge of meeting new responsibilities and requirements in managing their valuable investment profitability. ALT Property Management can provide the expert management your property deserves. As skilled professionals, we can ensure you the maximum net return you can get from your property, based on its highest and best use. Services Offered by ALT Here at ALT Property Management, we provide our owners with monthly services, so they receive thorough and competent service. Below are some of the management services that we provide: * create and maintain a computerized summary of your account, presenting expenses and incomes in detail * financial responsibilities * monitor all debit and income activity from your account, providing explanation of the amount received, income and debit and maintain a monthly running balance * owners may choose to automatically deduct from their accounts mortgage payments, property taxes, insurance, repairs, and owner funds * send out a computerized monthly statement to all owners, presenting monthly activities and owner funds Property Maintenance and Upkeep Coordinate and dispense all repair work to efficient contractors. Work in close connection to all contractors for efficient follow through and quality control. For repairs, payments are deducted from the owner's account. For repairs exceeding $200.00, owners will be notified to receive authorization. When property is vacated, all repairs and necessary cleaning is done through ALT. All rents are collected every month, by the 5th day of each month. Regular payment is recorded and supervised by the property manager. If desired, our company works in collaboration with eviction services who has an attorney on-staff. Owners may automatically deduct from their accounts mortgage payments, insurance, repairs, property taxes, and owner funds. ALT schedules utilities to be switched on and off for coordinating viewing and maintenance of the property. What is property management? Our objectives in property management are: * to increase the value of the property through well-considered improvement and skillful management * to maintain good working relationships between clients, tenants, and management * to preserve and safeguard the capital asset * to secure and keep the greatest net return possible at the cheapest cost over the life of the asset Activities ALT undertakes many diversified activities to accomplish these broad goals. Listed below are a few services available: * Consultations * Control and interface maintenance problems with tenant and maintenance person(s) * Coordinate written rental and lease agreements and determine appropriate method and terms of such agreements * Disburse expenses with vouchers through trust account and provide monthly computer generated accounting statements * Evaluate property periodically to determine rental value through market surveys * Handle tenant relations and communications * Provide real estate services at our option should property be for sale or exchange * Rent collection and security deposits * Resolve delinquent accounts including evictions * Review the physical condition of the property and develop maintenance programs * Screen and qualify perspective tenants Fees The fees we charge are one of the most competitive available; they will vary, depending on the amount of services you require or request, for the management program you feel best suit your needs. We look forward to introducing you to our entire property management services, each designed enough to best serve your individual needs. Check out the ten most frequently asked questions below: When prospective clients call to ask about our services, we found that they often inquire about the same issues. So, we decided to create a list of frequently asked questions. These will make you an already-informed investment property owner when you speak to one of our agents. Question #1 How do you find a tenant? Answer: We utilize various resources when marketing your property. We post your ads on our website that links up to many search engines. We place ads with local papers. We post on Craigslist and similar websites, and when appropriate, we will place a sign at the property. Question #2 How do you qualify a tenant? Answer: We follow the guidelines provided by Michigan landlord/tenant law. We qualify on the following: credit, previous landlord, and employment history. Question #3 How do you determine the rent price for my property? Answer: We do an in-depth search of similar properties in your community. We compare similar properties and included amenities side by side with your home. Utilizing our extensive knowledge and experience with most West Michigan communities, we are capable of determining the right price that will help your home to rent quickly. Question #4 How long does it take to find a tenant for my property? Answer: There are several factors that contribute to a property's value. Condition, location and price of the home play the largest role. It is hard to say that your home will rent in a specific time frame, but if your property is in a good neighborhood, priced right, and in good condition, it should rent quickly. On average, a typical home will rent in 90 days. It could rent in a week or longer than the average, depending on market conditions and other factors as we mentioned above. Question #5 Why is my property a good investment? Answer: We believe that there are 3 main benefits in owning investment property: Income: Cash flow Equity Buildup: While your tenant is paying your mortgage, your mortgage is decreasing. Tax Savings: Tax laws may provide a shelter for depreciation Question #6 How is maintenance handled? Answer: Our tenants have the choice of calling, emailing, or faxing in a non-emergency maintenance request, and our maintenance staff are required to call the tenant within a 24-hour window. One of the vendors will inspect the problem and provide a estimate while on-site. If the cost is more than $250.00, we will seek the approval of our client before doing the work. If the tenant has an emergency maintenance issue, he or she is advised to call our 24-hour hotline. We get back to you within an hour. These issues typically require urgent approval. You may not be advised until the following business day. Question #7 How often do you check on my property? Answer: We do biannual surveys or two surveys per year. Once every 3 months, we drive by every property. If the exterior of the home has changed since our last visit, we will immediately schedule a survey. Question #8 How long do we sign an agreement for? Answer: Our agreements are for 1 year. Question #9 Can you pay my bills? Answer: We can pay mortgages, insurances, utilities, HOA fees, property taxes, and more. Question #10 What does all of this cost? Answer: Our fees are 10% for investment properties. Larger contracts can be negotiated.